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Apr 13, 2013
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ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- >> aren't they all? wait, isn't that what it is, the president's mission statement, right? >> of course it is. no doubt about it. this is the president's statement. i worked for ronald reagan when we put our budgets. it's a statement of principle. the point i'm making is there's not a lot in here republicans are going to go say, oh, wonderful idea. we haven't talked about the new taxes which republicans will reject out of hand. the most interesting thing that happened this week when the president proposed what i think is a fairly modest change to social security, oh, my gosh, these organizations on the left, i mean, had cardiac arrest. and that makes me somewhat nervous about whether we'
ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- >> aren't they all? wait, isn't that what it is, the president's mission statement, right? >> of course it...
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Apr 17, 2013
04/13
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possibly defaultings circumstance with the debt ceiling. and part of the reason why some have suggested that the debt ceiling is problematic and our need to raise it is problematic. it's because of a misconsumption as it relates to the debt ceiling represents. isn't it a backwards looking vehicle that gives the administration the opportunity to pay for bills that have already been encouraged. >> that's correct. most of the obligation that have been incurred or many obligation relate to policy and decisions that were made during the eight years of prior administration. that would include the tax cut. >> absolutely. >> and include the prescription drug benefit. conclude the entered to as it relates to iraq weapons of mass destruction that never found. >> all spending authorized by congress is included. and the spending you have described is all part of what is being covered. >> based on your experiences in clinton administration, it would be fair to say that perhaps the best strategy in order to deal with the debt problem as well as the defic
possibly defaultings circumstance with the debt ceiling. and part of the reason why some have suggested that the debt ceiling is problematic and our need to raise it is problematic. it's because of a misconsumption as it relates to the debt ceiling represents. isn't it a backwards looking vehicle that gives the administration the opportunity to pay for bills that have already been encouraged. >> that's correct. most of the obligation that have been incurred or many obligation relate to...
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Apr 15, 2013
04/13
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>> i remember when gabby came on the floor for the first time during the debt ceiling deal and you know, we were in a very polarized state of mind then. it was a very tough situation and gabby's presence melted a lot of frozen hearts on the house floor. and given that we've had someone so close to us affected directly by gun violence, hopefully you know, if there's anybody that can impact a frozen republican heart, gabby can. iç think also, it's important note, chris, that tomorrow we will dedicate the zimmerman room in honor of gabby's staffer who was the first staffer killed in the line of duty who was killed during the tucson shooting and we'll dedicate that room in the capital visitors' center tomorrow. >> we have seen, some of the newtown victims' families, obviously having an effect, 16 republicans crossing over cloture to start the debate. the emotional appeal on this issue at least right now is paying political dividends. >> it's just common sense. >> yes, ma'am. >> this is beyond emotion, it's common-sense. >> okay, i want to switch to immigration. a topic important to you as
>> i remember when gabby came on the floor for the first time during the debt ceiling deal and you know, we were in a very polarized state of mind then. it was a very tough situation and gabby's presence melted a lot of frozen hearts on the house floor. and given that we've had someone so close to us affected directly by gun violence, hopefully you know, if there's anybody that can impact a frozen republican heart, gabby can. iç think also, it's important note, chris, that tomorrow we...
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Apr 11, 2013
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fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe seemed to be mandating, we could have huge downside surprises and the last time we had some pre-announcements -- wait a second. what actually happened? how about we had the best first quarter in 15 years. how is that possible? i think it's because the market has changed its animals. i'm not kidding. investors stopped being scared of washington or europe or earnings shortfalls and they decided to embrace the future, not spurn it. they became like ulysses and his crew, strapped to the mast, oblivious to the sell, sell, sell sirens of the saturnine set. where is sappho when you need him? we got to the
fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe...
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Apr 15, 2013
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that will change in the weeks ahead when lawmakers will square off on whether to raise the debt ceiling. at the recent clinton global initiative, the president recognized students from the university of virginia who won the top prize for their efforts in educating peers about the debt. >> i'm grateful for the passion many students has shown for this issue. they are creative in the competition. they made youtube videos and held social media contests. >> let's bring in team leader one of the five students who spearheaded the projects. good morning. congratulations. >> thank you, chris. >> so you won the top prize. you got to meet with president clinton. not bad. tell us about your project. >> sounds great. so the campaign was focused on getting students involved in the conversation and making sure that they're active in the learning process before we graduate and before we become representatives in any way or become leaders in our respective fields. our campaign focused on 31 initiatives that got students united with their community members and their representatives. we hosted senator mar
that will change in the weeks ahead when lawmakers will square off on whether to raise the debt ceiling. at the recent clinton global initiative, the president recognized students from the university of virginia who won the top prize for their efforts in educating peers about the debt. >> i'm grateful for the passion many students has shown for this issue. they are creative in the competition. they made youtube videos and held social media contests. >> let's bring in team leader one...
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Apr 11, 2013
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the debt ceiling issue approaching as later this summer we have an opportunity. the house is going to move now and put its priorities in place in the senate what do they agree or not we are going to move now and early to reassure people america will pay its debt but to reassure investors and those watching we are serious about tackling our problems. >> host: has sequestration affected your district? >> guest: it hasn't and in fact we talked in our town hall meetings we do a lot of them, people just sort of kind of laughed when we talk about a 500 lb government being forced to lose 10 pounds. people know it's just a small step. they are upset that it looks like the white house is choosing to inflect political pain on the community such as closing local air-traffic towers but for the most part, they think it is a small but important step in the right direction. >> host: was it a political victory for republicans? >> guest: i think it helped reassure americans that we were serious about making some small but important steps in the right direction locking those lower
the debt ceiling issue approaching as later this summer we have an opportunity. the house is going to move now and put its priorities in place in the senate what do they agree or not we are going to move now and early to reassure people america will pay its debt but to reassure investors and those watching we are serious about tackling our problems. >> host: has sequestration affected your district? >> guest: it hasn't and in fact we talked in our town hall meetings we do a lot of...
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Apr 11, 2013
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ceiling thing was going on because we need more taxes. this chain cpi, i don't think it's that terrible because when prices go up on certain things we buy, we as consumers do make choices to substitute for other product. sorry the highest respect for elizabeth warren i'm so happy she is in the senate -- >> stephanie: me too. and nancy pelosi agrees with you on that. >> yeah, we're in a world of tough decisions, stephanie. there just aren't any easy decisions anymore. it is going to hurt. the best thing we can all do -- david [ inaudible ] from the "new york times" wrote a small book about how the budget works. it's just interesting to understand what gets spent and how and then every one of us no matter whether we're liberal or conservative make an informed decision to say what am i prepared to give up, because it is going to be about giving something up. it's not going to be about getting more right now. >> stephanie: yeah, i do agree with you on -- that was the only leverage the president had when the taxes were going to go up anyway. a
ceiling thing was going on because we need more taxes. this chain cpi, i don't think it's that terrible because when prices go up on certain things we buy, we as consumers do make choices to substitute for other product. sorry the highest respect for elizabeth warren i'm so happy she is in the senate -- >> stephanie: me too. and nancy pelosi agrees with you on that. >> yeah, we're in a world of tough decisions, stephanie. there just aren't any easy decisions anymore. it is going to...
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Apr 12, 2013
04/13
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ceiling issue, our clients can put more money they can find a discount. tracy: a good reminder to everybody they should have three to six months living expenses on the side, don't touch it. we have forgotten about that over the last couple of years because everybody is reaching into the couch for clients to pay the bills. you say you are in 44 countries, 12,000 stocks in your portfolio. how do you manage that many? how do you manage all of that? i can't keep track of my three kids. >> i have for kids, so i'm right there with you. and av clients. we use high efficiency oriented mutual funds to house the difference in stocks over the world. 12,000 different stocks, but we also, tracy, told the portfolio to that large value or the value orientation. the book value is $5 but the market $2.50. there is an intrinsic value. adding two to three basis points over time to my clients portfolios. we are fully invested all across the united states and globally in 244 different countries but we told the value to add a little extra boost for the long-term for my clients
ceiling issue, our clients can put more money they can find a discount. tracy: a good reminder to everybody they should have three to six months living expenses on the side, don't touch it. we have forgotten about that over the last couple of years because everybody is reaching into the couch for clients to pay the bills. you say you are in 44 countries, 12,000 stocks in your portfolio. how do you manage that many? how do you manage all of that? i can't keep track of my three kids. >> i...
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Apr 15, 2013
04/13
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ceiling. >> beep on guns. bi-partisan on immigration. maybe we can get to where we have bip beep on the bucket. in connection cook good to have you with us. follow her at national journal.com and i will be back and tell you what the president is up to today. >> this is "the bill press show." can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores have ha
ceiling. >> beep on guns. bi-partisan on immigration. maybe we can get to where we have bip beep on the bucket. in connection cook good to have you with us. follow her at national journal.com and i will be back and tell you what the president is up to today. >> this is "the bill press show." can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis my rheumatologist prescribed enbrel for my pain and stiffness, and to help...
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Apr 11, 2013
04/13
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because the debt ceiling debate that's coming before us. >> let me tell you why you are not easing my indigestion, i am afraid of what success may look like. >> nobody gets all that they want. and it's about time we started to come to some sort of agreement on something. although the background check isn't the best, at least they came to some sort of agreement. when was the last time that happened? >> and the public is engaged in the debate, and the public demanding action from legislateors. that's critical. >> we are taking on so many issues, agreement isn't always to be celebrated. on the issue of background checks, i don't think it's a compromise worth having. >> okay, well, i'm kind of depressed by you today, will. >> sorry. >> will kain, robert zimmerman. >>> talk about a spoiler alert. kevin bacon of "the following" reveals a major plot twist and now he's apologizing. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another w
because the debt ceiling debate that's coming before us. >> let me tell you why you are not easing my indigestion, i am afraid of what success may look like. >> nobody gets all that they want. and it's about time we started to come to some sort of agreement on something. although the background check isn't the best, at least they came to some sort of agreement. when was the last time that happened? >> and the public is engaged in the debate, and the public demanding action...
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Apr 13, 2013
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that is the spirit in which i think the majority approaches the debt ceiling, to say, how are we going to tell the people that we're going to pay off the debt that we have now gone ahead and incurred. i think a little bit of forethought here, planning into the future, how are we going to pay the bills, is the emphasis. and i have always greed as the gentleman said, the debt ceiling something that is something that is necessary. we will bring a bill forward. i do think that we should be mindful of how we are going to tell the public we're going to go into the future and pay off these debts. as the gentleman has many children and grandchildren, he doesn't want his kids, nor do i want mine to be shouldering the debt and paying our bills. we should be really committing ourselves to not just borrowing more, not to just taking more from taxpayer dollars, because we have done a lot of that this year already. the the gentleman talks about the need to proceed with revenues. we already have bationed on some $50 billion of status revenues, taxes that are accounted for because of the fiscal cliff
that is the spirit in which i think the majority approaches the debt ceiling, to say, how are we going to tell the people that we're going to pay off the debt that we have now gone ahead and incurred. i think a little bit of forethought here, planning into the future, how are we going to pay the bills, is the emphasis. and i have always greed as the gentleman said, the debt ceiling something that is something that is necessary. we will bring a bill forward. i do think that we should be mindful...
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Apr 15, 2013
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ceiling. at the end of the day, we got 2-1/2 trillion in spending restraints. the caps and the sequester, have been repeated efforts by democrats in the senate and the white house to try and undo that agreement of august 2011, but it's held. the sequester is holding. despite the historianics of not having easter egg hunts or not letting kids go through the white house, not letting the blue angels fly. they do that and looks silly, the boy who cried wolf. and at the end of the day we taxpayers won the fight, and those who believed in d.c., you had to raise taxes, in order to get any spending restraint, were wrong. we got suspending restraint without the tax increases. obama -- president obama is again saying'll never let you cut the budget unless you give me more tax increases. he said that the last three years and has lost several times on that fight. so does he want to have spending retrain or spitelement reform? -- restraint or entitlement reform? i don't think so. just look backwards. his f
ceiling. at the end of the day, we got 2-1/2 trillion in spending restraints. the caps and the sequester, have been repeated efforts by democrats in the senate and the white house to try and undo that agreement of august 2011, but it's held. the sequester is holding. despite the historianics of not having easter egg hunts or not letting kids go through the white house, not letting the blue angels fly. they do that and looks silly, the boy who cried wolf. and at the end of the day we taxpayers...
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Apr 13, 2013
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ceiling again or else the u.s. could default on its credit. i think that is the sort of mechanism by which we're going to have more -- somebody is going to have to take some action. the question is how big. the president still on this offensive. i think what we have heard from republicans is they're genuinely impressed that the president has gone to these lengths. he's made them feel comfortable in the meetings but the problem is the president in showing good faith to talk about cutting entitlements and social security, he's angered some democrats and he doesn't have a lot of wiggle room now. he's hoping republicans meet him halfway. the problem still is the taxes. the republicans say they raised it in january. the president got what he wanted, albeit less than he want, but they don't want to do that again. let's have the budget cuts without that. i think that's the problem. as much as the president is wining and dining, i think this is where the sticking point will continue to be. >> you talk about no wiggle room.
ceiling again or else the u.s. could default on its credit. i think that is the sort of mechanism by which we're going to have more -- somebody is going to have to take some action. the question is how big. the president still on this offensive. i think what we have heard from republicans is they're genuinely impressed that the president has gone to these lengths. he's made them feel comfortable in the meetings but the problem is the president in showing good faith to talk about cutting...
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Apr 11, 2013
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. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10 years we're going to have fights. >> are you willing to have it turn out in 2011 again, to get to that level of suspense? >> i spent two and half years focused on this one issue in a big way. i think most you have understand my point to get this government to deal honestly with the spending problem. i've watched this government kick the can down the road and kick the can down the road. i swore to myself they would not do it and i'm not. briefing hner earlier. nancy pelosi had a briefing as well. >> tomorrow marks the 100th day of the 113th congress. i believe for the first 100 days he republic
. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10...
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Apr 12, 2013
04/13
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i have always agreed, as the gentleman said, the debt ceiling is something that is necessary for the operations of government. we will bring a bill forward that will ensure that we do not go into default, but i do think that we should be mindful of how we are going to tell the public we are going to go into the future and pay off these debts. the gentleman has many children and grandchildren. he does not want his kids, nor do i want mine to be shouldering the debt and paying our bills. really committing ourselves not to just borrowing more, not to just taking more from taxpayer dollars, because we have done a lot of that this year already. the gentleman talks about the need to proceed with revenues. we already have close to $650 billion of additional static revenues, taxes that are accounted for because of the fiscal clef deal. it is not that there are no revenues in the mix here. i look forward to working with the gentleman. i appreciate his commitment to longevity in the country, sustaining economic growth or restarting its the we can -- restarting its so that we can sustain it. i
i have always agreed, as the gentleman said, the debt ceiling is something that is necessary for the operations of government. we will bring a bill forward that will ensure that we do not go into default, but i do think that we should be mindful of how we are going to tell the public we are going to go into the future and pay off these debts. the gentleman has many children and grandchildren. he does not want his kids, nor do i want mine to be shouldering the debt and paying our bills. really...
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Apr 11, 2013
04/13
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the houseebt ceiling, will move now to put its priority in place. we will move now early to reassure people that america will pay its debts. we are serious about tackling our problems. affected sequestration your district? guest: it has not. people laugh when you talk government0-pound being forced to lose 10 pounds. closing local air-traffic towers. they think it is a small step in the right direction. host: was it a political victory for republicans? guest: it helped reassure americans that we were serious about making some small but important steps in the right lowerion, walking those levels in was important -- locking those lower levels in was import. i believe we have the political courage to get this done. we have laid out courageous steps on medicare and medicaid to solve those. the president is willing to take some small steps towards us. host: wallace is a republican in dallas. caller: good morning. thank you for taking my call. police officer and i collect revolvers. my comment for the representative is that i have been leery when the gove
the houseebt ceiling, will move now to put its priority in place. we will move now early to reassure people that america will pay its debts. we are serious about tackling our problems. affected sequestration your district? guest: it has not. people laugh when you talk government0-pound being forced to lose 10 pounds. closing local air-traffic towers. they think it is a small step in the right direction. host: was it a political victory for republicans? guest: it helped reassure americans that...